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If so, are there any tax consequences to consider?
By Michael Haldane
14 Apr 2021 09:17
Can a government employee who belongs to the Government Employees Pension Fund (GEPF) transfer their whole pension fund into a private living annuity at retirement? If so, are there any tax consequences to consider? I have noted that the GEPF on its website has guidelines that indicate it provides an annuity which appears to be a guaranteed life annuity of five years post-retirement at least.
Thank you for your question. The GEPF was founded in May 1996 when various public sector pension funds were consolidated as a single entity.
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